- Demarest

BIBLIOTECA DA
Dover buys Brazilian petrol pump assets from US PE
Monday, 27 June 2016 (2 hours ago) by Thomas Muskett-Ford
Debevoise & Plimpton LLP in London and New York and Demarest Advogados in São
Paulo have helped US industrial conglomerate Dover acquire petrol pump maker
Wayne Fuel Systems from US private equity group Riverstone for US$780 million in
cash.
Latham & Watkins LLP’s Washington, DC and New York offices advised Riverstone for
the deal, which was signed on 8 June.
Wayne provides fuel dispensing, payment and retail services at commercial petrol
stations and has a manufacturing presence in Brazil, China, Sweden and the US. Its
acquisition is expected to boost Dover’s retail fuel revenues to US$1.4 billion per
year.
Counsel to Dover
Debevoise & Plimpton LLP
Partner Raman Bet-Mansour and international counsel Timothy McIver in London and
partners Michael Diz, Gary Kubek, Edward Rishty and Elizabeth Pagel Serebransky,
and counsel Judith Church and Stuart Hammer in New York
Demarest Advogados
Partners Paulo Rocha and Renato Canizares, and associates Fernando Fracari
Vargas and Paulo Dantas in São Paulo
Counsel to Riverstone Holdings
Latham & Watkins LLP
Partners Nicholas Luongo, Cheryl Coe, Adam Kestenbaum and James Barrett and
associates Cory Tull, Rohith Parasuraman, Daniel Valenza, Valentin Riazanov, Marysia
Mullen and Kimberly Jones in Washington, DC and partner Steven Betensky in New
York